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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)
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To: Tomas who wrote (1116)5/31/1999 9:25:00 PM
From: Tomas   of 2742
 
Sudan Inaugurates Oil Export Pipeline - PANA

Yahya el Hassan, PANA Correspondent
KHARTOUM (PANA) - Sudan Monday inaugurated a 1,610-km oil pipeline designed to carry the country's crude from Heglig and Unity oil fields in the west and southern parts to a loading terminal in Port Sudan, on the Red Sea.

The pipeline was officially inauguraged by President Omar el Bashir during a ceremony held at Heglig. The ceremony was the first trial of the 600 million US dollars pipeline, built by a consortium of firms from China, Canada, Malaysia, Argentina and Britain.

Its final operation is expected to begin 1 July when the first oil tanker carries the first shipment of the crude to the international market.

Designed to carry 450,000 barrels of oil a day, the pipe will initially convey only 150,000 barrels. Some 50,000 of this will refined at the Khartoum Oil Refinery at el Jaili village, 30 km north of the capital.

The refinery is being built by a Chinese firm at a cost of 620 million dollars. The bulk of the crude will be exported.

Bashir said at the ceremony he considered that oil ''has now become a reality of the economic life of Sudan.''

He added that exploration work will continue throughout the country as ''scientific research has shown that there are oil indications in many parts of Sudan.''
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